Branford’s Core Informatics to double workforce
BRANFORD, Conn. – Core Informatics, a biotech medical software provider startup, recently announced it secured a $17.5 million investment, led by Greenwich equity fund Oak HC/FT, enabling the company to nearly double in size.
A year and a half ago, the company started with only 15 employees but after its initial round of funding of $5 million last year has grown to 65 today. With this latest round of funding, CEO Josh Geballe said the company will expand its workforce to more than 100 by year’s end.
Core Informatics provides software particularly for bioscience researchers to analyze data, automate laboratory workflows and collaborate with external partners.
With the new employees, Core will expand all areas of its business, including client services and software engineering, and scale up the various product offerings to provide customizable solutions for individual clients.
Source: Hartford Business